What is the franchisee acknowledging regarding legal counsel in the Craters & Freighters agreement?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
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- I have had an opportunity to consult with an independent professional advisor, such as an attorney or accountant, prior to signing any binding documents or paying any sums, and Craters & Freighters Franchise Company has strongly recommended that I obtain such independent advice. I have also been strongly advised by Craters & Freighters Franchise Company to discuss my proposed purchase of a Craters & Freighters Franchised Business with any existing Craters & Freighters franchisees prior to signing any binding documents or paying any sums and Craters & Freighters Franchise Company has supplied me with a list of all existing franchisees if any exist.
Source: Item 23 — RECEIPTS (FDD pages 50–193)
What This Means (2025 FDD)
According to the 2025 Craters & Freighters Franchise Disclosure Document, franchisees acknowledge the opportunity to consult with an independent professional advisor, such as an attorney or accountant, before signing any binding documents or paying any sums. Craters & Freighters strongly recommends obtaining such independent advice.
This acknowledgement confirms that Craters & Freighters advises potential franchisees to seek legal and financial counsel to fully understand the implications of the franchise agreement before committing to the franchise. This is a standard practice in franchising, ensuring franchisees make informed decisions.
By acknowledging this recommendation, the franchisee confirms they were advised to seek independent counsel and made a conscious decision whether or not to do so. This can protect both the franchisee and Craters & Freighters in the event of future disputes, as it demonstrates the franchisee had the opportunity to fully understand the agreement.